-0.41%
3.69%
16.77%
19.84%
52.29%
10.26%
26.03%
AI Spotlight on VEI
Company Description
Veidekke ASA operates as a construction and property development company.It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments.The company operates as a construction contractor; executes civil engineering projects; and produces asphalt and aggregates, as well as operates in the public road maintenance market.
It is also involved in the construction and civil engineering projects, as well as constructs commercial buildings.Veidekke ASA was founded in 1936 and is headquartered in Oslo, Norway.
Market Data
| Last Price | 146.2 |
| Change Percentage | -0.41% |
| Open | 147.2 |
| Previous Close | 146.8 |
| Market Cap ( Millions) | 19731 |
| Volume | 45746 |
| Year High | 147.2 |
| Year Low | 95 |
| M A 50 | 139.11 |
| M A 200 | 124.43 |
Financial Ratios
| FCF Yield | 11.43% |
| Dividend Yield | 5.40% |
| ROE | 45.98% |
| Debt / Equity | 19.14% |
| Net Debt / EBIDTA | -48.65% |
| Price To Book | 6.98 |
| Price Earnings Ratio | 15.31 |
| Price To FCF | 8.75 |
| Price To sales | 0.47 |
| EV / EBITDA | 6.79 |
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Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Construction Norway
Expected Growth : 2.5 %
What the company do ?
Veidekke ASA's Construction Norway segment focuses on building and construction projects, including residential, commercial, and infrastructure developments in Norway.
Why we expect these perspectives ?
Veidekke ASA's 2.5% growth in Construction Norway is driven by increasing government investments in infrastructure development, rising demand for sustainable buildings, and a growing need for renovation of existing buildings. Additionally, the company's focus on digitalization and innovation in construction processes has improved efficiency and reduced costs, contributing to the growth.
Segment n°2 -> Infrastructure Norway
Expected Growth : 1.8 %
What the company do ?
Infrastructure Norway from Veidekke ASA refers to the country's infrastructure development and maintenance projects, focusing on roads, bridges, and railways, ensuring safe and efficient transportation systems.
Why we expect these perspectives ?
Veidekke ASA's Infrastructure Norway segment growth of 1.8% is driven by increasing government investments in transportation infrastructure, urbanization, and a growing need for sustainable infrastructure solutions. Additionally, the segment benefits from Veidekke's strong market position, efficient operations, and strategic partnerships.
Segment n°3 -> Construction Sweden
Expected Growth : 2.2 %
What the company do ?
Construction Sweden is a leading construction company within Veidekke ASA, a Scandinavian contractor and property developer, specializing in building, infrastructure, and industrial projects.
Why we expect these perspectives ?
Veidekke ASA's Construction Sweden segment growth of 2.2% is driven by increasing infrastructure investments, urbanization, and a strong housing market. Government initiatives to improve transportation networks and renewable energy infrastructure also contribute to growth. Additionally, the segment benefits from Veidekke's strong market position, efficient operations, and strategic partnerships.
Segment n°4 -> Infrastructure Sweden
Expected Growth : 1.9 %
What the company do ?
Infrastructure Sweden from Veidekke ASA is a leading construction company that develops and maintains Sweden's infrastructure, including roads, railways, and public buildings.
Why we expect these perspectives ?
Veidekke ASA's Infrastructure Sweden segment growth of 1.9% is driven by increasing government investments in transportation infrastructure, urbanization, and a growing need for sustainable construction solutions. Additionally, the segment benefits from Veidekke's strong market position, efficient operations, and strategic partnerships.
Segment n°5 -> Commercial Buildings
Expected Growth : 2.8 %
What the company do ?
Veidekke ASA's Commercial Buildings segment involves in the development and construction of office buildings, shopping centers, and other commercial properties in Norway and Sweden.
Why we expect these perspectives ?
Veidekke ASA's Commercial Buildings segment growth of 2.8% is driven by increasing demand for sustainable and energy-efficient buildings, government initiatives for urban development, and a strong pipeline of projects in Norway and Sweden. Additionally, the company's focus on digitalization, innovation, and cost savings has improved operational efficiency, contributing to the segment's growth.
Segment n°6 -> Eliminations
Expected Growth : 0.5 %
What the company do ?
Eliminations from Veidekke ASA refer to the removal of inter-company transactions and balances between Veidekke ASA and its subsidiaries to present a consolidated financial statement.
Why we expect these perspectives ?
Veidekke ASA's 0.5% growth is driven by increasing infrastructure investments in Norway, steady demand for residential construction, and a moderate recovery in the Swedish construction market. Additionally, the company's focus on operational efficiency and cost savings initiatives contribute to its stable growth.
Segment n°7 -> Other Operations
Expected Growth : 1.5 %
What the company do ?
Veidekke ASA's Other Operations segment includes activities such as development and sale of properties, and other investments.
Why we expect these perspectives ?
Veidekke ASA's Other Operations segment growth of 1.5% is driven by increased demand for infrastructure projects, expansion into new regions, and strategic partnerships. Additionally, the company's focus on sustainable construction methods and digitalization has improved operational efficiency, contributing to the segment's growth.
Veidekke Asa Products
| Product Range | What is it ? |
|---|---|
| Construction Services | Veidekke ASA provides construction services for residential and commercial buildings, including new builds, renovations, and restorations. |
| Property Development | Veidekke ASA develops and sells residential and commercial properties, including apartments, houses, and office spaces. |
| Infrastructure Construction | Veidekke ASA provides infrastructure construction services for roads, highways, bridges, and other public infrastructure projects. |
| Industrial Construction | Veidekke ASA provides industrial construction services for factories, warehouses, and other industrial facilities. |
| Demolition and Recycling | Veidekke ASA provides demolition and recycling services for buildings, infrastructure, and other structures. |
| Asphalt and Aggregate Production | Veidekke ASA produces and supplies asphalt and aggregate materials for construction and infrastructure projects. |
Veidekke ASA's Porter Forces
Threat Of Substitutes
Veidekke ASA operates in the construction industry, where substitutes are limited. However, the company faces some threat from alternative materials and construction methods.
Bargaining Power Of Customers
Veidekke ASA's customers have limited bargaining power due to the company's strong market position and the complexity of construction projects.
Bargaining Power Of Suppliers
Veidekke ASA's suppliers have some bargaining power due to the company's dependence on raw materials and equipment. However, the company's large scale of operations helps to mitigate this power.
Threat Of New Entrants
The threat of new entrants in the construction industry is low due to the high barriers to entry, including the need for significant capital investment and specialized expertise.
Intensity Of Rivalry
The construction industry is highly competitive, with many established players competing for market share. Veidekke ASA faces intense rivalry from other construction companies.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 21.44% |
| Debt Cost | 7.38% |
| Equity Weight | 78.56% |
| Equity Cost | 9.02% |
| WACC | 8.67% |
| Leverage | 27.28% |
Veidekke ASA : Quality Control
Veidekke ASA passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| RNWH.L | Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company provides services to the energy, environmental, rail, and … |
| GBF.DE | Bilfinger SE provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East. The company offers engineering, project, maintenance, turnaround, rotating equipment, and … |
| ASY.PA | Assystem S.A. provides engineering and infrastructure project management services worldwide. The company provides engineering services for the preparation, design, and construction of critical and complex infrastructure projects for public authorities … |
| BAMNB.AS | Koninklijke BAM Groep nv, together with its subsidiaries, provides products and services in the construction and property, civil engineering, and public private partnerships (PPP) sectors worldwide. The company designs, develops, … |
| MRB.WA | Mirbud S.A. operates as a general contractor in the construction market in Poland. The company constructs industrial projects, such as production and logistics halls, and cold stores and freezers; public … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Veidekke
A-Score
1-Year Total Return ->
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Bilfinger
A-Score
1-Year Total Return ->
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Renew
A-Score
1-Year Total Return ->
4
Mirbud
A-Score
1-Year Total Return ->
5
BAM
A-Score
1-Year Total Return ->
6
